Thursday, 26 March 2015
Last updated 1 hour ago
May 2 2012 | 2:57am ET
The Los Angeles Dodgers are now officially owned by a hedge fund executive. Just not that one.
Guggenheim Baseball Management's $2.15 billion deal for the legendary baseball team formally closed yesterday, ending the tempestuous tenure of former owner Frank McCourt. The new owners are led by Guggenheim Partners' Mark Walter, who is now the team's chairman and controlling owner.
Walter's group—whose most visible member is former Los Angeles Lakers star Magic Johnson—beat out SAC Capital Advisors' Steven Cohen for the team in March. Another member of the Guggenheim group, longtime baseball executive Stan Kasten, will serve as CEO.
The deal's closing allows the Dodgers to exit Chapter 11 bankruptcy protection.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…